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welcome back here without well it's just a couple of days before america plunges off the fiscal cliff there's still no deal in science between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically on new year's day the sticking point holding up a negotiation is other rights for the rich republicans are rejecting any deal that would see those taxes rise other democrats insist the wealthy should pay a little more investment advisor patrick young says the u.s. is heading towards further recession if it can't cut spending. i'm really worried going into twenty thirteen i mean ultimately the great thing is that humankind will survive we will all remain the same people but the problem we have is first of all america seems to be heading suicidally towards this thing the fiscal cliff the possibility that it may enter another leg of recession or possibly even depression as a result of legislators inability to curb their habit of spending like footballers' wives and then on the other side of the atlantic we also have this problem the eu
welcome back here without well it's just a couple of days before america plunges off the fiscal cliff there's still no deal in science between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically on new year's day the sticking point holding up a negotiation is other rights for the rich republicans are rejecting any deal that would see those taxes rise other democrats insist the wealthy should pay a little more investment advisor...
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Dec 24, 2012
12/12
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MSNBCW
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going over the fiscal cliff. he promoezed that we don't tax -- no tax increase until $400,000, instead of $250,000. he proposed -- he said he would be willing to go with the republican demands for entitlement cuts cutting colas on social security which i think is obnoxious and will not vote for under any circumstances. he made a lot of concessions, too many. the republicans showed, though, when they voted against cutting taxes for 99.8% of americans, because they wouldn't allow taxes to go up for people above $1 million, they showed that it's very difficult to do business this w them. >> you said the president made too many concessions. >> i think so. >> were you more a fan of the $250,000 and less than that or -- >> i'm more of a fan of the $250,000 but mainly, mainly i would not vote for a nickel in -- under any circumstances for a nickel in cuts to social security benefits. >> so when we look at that and there are those on the right that say i won't vote for a nickel in revenue and then you coming on saying i
going over the fiscal cliff. he promoezed that we don't tax -- no tax increase until $400,000, instead of $250,000. he proposed -- he said he would be willing to go with the republican demands for entitlement cuts cutting colas on social security which i think is obnoxious and will not vote for under any circumstances. he made a lot of concessions, too many. the republicans showed, though, when they voted against cutting taxes for 99.8% of americans, because they wouldn't allow taxes to go up...
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Dec 24, 2012
12/12
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MSNBCW
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this is again where the republicans have the majority and as we've been seeing with the fiscal cliff there is not a lot of wiggle room. we're going to have to see compromise. the last immigration reformabout in 1986 took both republicans and democrats working together. it can't be just a democratic lift. >> thank you victoria defrancesco soto. this is something we'll be watching over the next two to four years. >> and coming up, the controversy over keeping fast food chains open on christmas. i, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could be more important? so this year, every hasbro toy donated to toys for tots will be powered by duracell. happy holidays. duracell with duralock. trusted everywhere. >>> a happy meal for a happy holiday? well, mcdonnell's holds so. it's pushing its franchises to stay open despite a long tradition of giving its employees a break for the holiday. now some workers and customers are pushing back on that possibility. joining us now, jonathan weston of fast food forward, a group working to u.n.ize fa
this is again where the republicans have the majority and as we've been seeing with the fiscal cliff there is not a lot of wiggle room. we're going to have to see compromise. the last immigration reformabout in 1986 took both republicans and democrats working together. it can't be just a democratic lift. >> thank you victoria defrancesco soto. this is something we'll be watching over the next two to four years. >> and coming up, the controversy over keeping fast food chains open on...
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edges closer to the fiscal cliff the deadline for a deal is really a day away as democrats and republicans heigl overtax hikes and spending cuts all that to come. rain that gives some ground to the opposition slashing the sentences for some of the jailed activists becoming pain is called for their release we trace the roots of the on the rest. of. the sun rises over what seems like enlist forest here in the new directions cry for hundred kilometers north of life while stalk as in much of the world it's disappearing at a catastrophic great. markers both illegal and those finding ways to outsmart the system for filing down the forests of the put more region for them profit goes well beyond the future of our planet and the result could be an ecological crisis we are on the hunt for illegal loggers and it's not going to be easy the forest is enormous and our chances are slim now for now we can stay in our dreams but as soon as we find solid tracks we'll have to drop our wheels and get out silently in order not to scare the loggers off the xander someone in ca has been a ranger for over twenty
edges closer to the fiscal cliff the deadline for a deal is really a day away as democrats and republicans heigl overtax hikes and spending cuts all that to come. rain that gives some ground to the opposition slashing the sentences for some of the jailed activists becoming pain is called for their release we trace the roots of the on the rest. of. the sun rises over what seems like enlist forest here in the new directions cry for hundred kilometers north of life while stalk as in much of the...
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Dec 27, 2012
12/12
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CNBC
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on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still not clear, carl, there is going to be a final package of any kind. one quick note, we saw the realism. pact in the real world of the debt situation. treasury announcing yesterday it has suspended the sale of state and local government securities, government series securities. so already, they are doing some maneuvering here financially to try to avoid that debtly limit. the treasury secretary says he doesn't know how much wiggle room they are going to have, given that all the fiscal cliff uncertainty is out there. >> eamon, on this idea that the house members get called back with 48 hours' notice. traders are looking for that headline if it happens almost that bleed out there or procedural moment where that is announced, so to speak? >> a good question. i have been in touch wit
on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still not clear, carl, there is going to be a final package of any kind. one quick note, we saw the realism. pact in the real world of the debt situation. treasury announcing yesterday it has suspended the sale of state and local government securities, government series...
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Dec 31, 2012
12/12
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WETA
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. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there yet. one thing we can count on with respect to this congress is that if there is even one second left, they will lose -- they will use that last second. >> the gap between the two sides is narrowing. time is running short. if a deal cannot be found, the eventual impact on americans will be severe. geeo the year, the ara family would pay an extra $2,000 in tax. there would be sharp cuts in spending across government operations. defense would be hit hard. with so much money coming out of the economy, america would face higher unemployment and probably effect of recession. >> the fi
. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet....
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Dec 24, 2012
12/12
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MSNBCW
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before the fiscal cliff. what are the prospects for a solution? that's ahead. eight day before mi fiscal cliff. mi fisca[ male announcer ] playing in the nfl is tough. ♪ doing it with a cold, just not going to happen. vicks dayquil -- powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind the
before the fiscal cliff. what are the prospects for a solution? that's ahead. eight day before mi fiscal cliff. mi fisca[ male announcer ] playing in the nfl is tough. ♪ doing it with a cold, just not going to happen. vicks dayquil -- powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ so why...
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Jan 1, 2013
01/13
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MSNBCW
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two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiewealthi est americans. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner sent house members home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while
two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for...
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Dec 27, 2012
12/12
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FBC
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so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform
so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal...
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with the so-called fiscal cliff deadline hanging heavy there is still no deal inside between the firmly entrenched republicans and democrats millions of americans standard to see their taxes go up dramatically on new year's day but the sticking points holding up negotiations are the rates for there which republicans are rejecting any deal that would see those taxes rise while the democrats insist that the wealthy could pay a little more charlie mcgrath founder of wide awake news he says it's ironic about the u.s. as the main parties have difficulty reaching a deal on policies to aid the nation's poor but had little trouble agreeing on the defense budget. when the cameras are on you know if they're on the red team they're coming out there saying it's the welfare call that's a people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about corporate interests and this is why we can't come up video but isn't it amazing when the cameras are off and it's time to pass a trillion doll
with the so-called fiscal cliff deadline hanging heavy there is still no deal inside between the firmly entrenched republicans and democrats millions of americans standard to see their taxes go up dramatically on new year's day but the sticking points holding up negotiations are the rates for there which republicans are rejecting any deal that would see those taxes rise while the democrats insist that the wealthy could pay a little more charlie mcgrath founder of wide awake news he says it's...
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Dec 24, 2012
12/12
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KCSM
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eye 115
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i think they are going to go over the cliff. the main objective obama had was not a fiscal one, it was political, to follow the victory in november by creating a civil war among republicans over the tax issue, which is exactly what happened. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially the problem the president faced with boehner two years ago. last year. can he deliver? how can you negotiate with someone who cannot deliver on his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come over to your way of thinking? >> they were crowing when john boehner went down, taking some delight,
i think they are going to go over the cliff. the main objective obama had was not a fiscal one, it was political, to follow the victory in november by creating a civil war among republicans over the tax issue, which is exactly what happened. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not...
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Dec 30, 2012
12/12
by
WBAL
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cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. problem and solve it now. >> all over the country now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales. >> getting a deal is up to the senate's top democrat and top republican. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. some people aren't going to like it. some people will like it less but that's where we are. >> majority leader harry reid and minority leader mitch mcconnell say they're conf
cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. problem and solve it now. >> all over the country now, uncertainty is in the air. >> it's...
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577
Jan 1, 2013
01/13
by
KQED
tv
eye 577
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. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there yet. one thing we can count on with respect to this congress is that if there is even one second left, they will lose -- they will use that last second. >> the gap between the two sides is narrowing. time is running short. if a deal cannot be found, the eventual impact on americans will be severe. over the year, the average family would pay an extra $2,000 in tax. there would be sharp cuts in spending across government operations. defense would be hit hard. with so much money coming out of the economy, america would face higher unemployment and probably effect of recession. >> th
. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet....
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Dec 24, 2012
12/12
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WBAL
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before the mi fiscal cliff. what are the prospects for a solution? we know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, more than 40,000 saw this post alone. we'll continue to monitor that conversation online. tell us what you saw on the interview at facebook.com/meetthepress or on twitter. in the meantime, we're going to find out what th
before the mi fiscal cliff. what are the prospects for a solution? we know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect...
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Dec 31, 2012
12/12
by
FOXNEWSW
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heather: what could finally bring democrats and republicans together on a fiscal cliff deal if anything. we'll take a look as we await word from capitol hill. >> this is what will go up year? >> yes. january 1st, that is when your taxes will go up. >> wow! wow!. wow is not wow. >> wow is wow! that is insane [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? heather: welcome back. a nationwide amber alert comes to an end after two missing boys from georgia are found and their father is arrested. benjamin cleary, he is there on the right, he is nine, and his brother henry is seven years old. investigators say their father, daniel cleary, abducted them after the boys visited him for christmas. police in austin, texas, described how
heather: what could finally bring democrats and republicans together on a fiscal cliff deal if anything. we'll take a look as we await word from capitol hill. >> this is what will go up year? >> yes. january 1st, that is when your taxes will go up. >> wow! wow!. wow is not wow. >> wow is wow! that is insane [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with...
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Dec 24, 2012
12/12
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MSNBCW
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eye 138
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before the mi fiscal cliff. mi fisca[ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and w
before the mi fiscal cliff. mi fisca[ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option:...
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Dec 24, 2012
12/12
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MSNBCW
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before the fiscal cliff. what are prospects for a deal. and the round table or the president's priorities in the new year. that's all ahead. fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walm
before the fiscal cliff. what are prospects for a deal. and the round table or the president's priorities in the new year. that's all ahead. fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four...
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Dec 24, 2012
12/12
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CNNW
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this pessimism about going over the fiscal cliff. privately, that's all what we're hearing that it is a real possibility to go over the cliff, even though there's a possibility of still working out a deal. but this is a last-ditch effort for sure. >> it's incredible that privately they are also saying that. everyone thought once we get closer to the deadline, they are going to get it together, come up with some sort of deal. if this stopgap measure does actually pass before january 1st, is the president prepared to go back to d.c. and cut his vacation short? >> reporter: he is. officially he's supposed to be here through the new year, but it sounds like talking to the white house that it's not really a matter of if the president goes back to washington, d.c., it's a matter of when. if there is legislation to go through the senate, this is something that's it going to need president obama to be there twisting arms. he's the commander-in-chief, but when it comes to something like this, he may be the top lobbyer in chief so he'll need t
this pessimism about going over the fiscal cliff. privately, that's all what we're hearing that it is a real possibility to go over the cliff, even though there's a possibility of still working out a deal. but this is a last-ditch effort for sure. >> it's incredible that privately they are also saying that. everyone thought once we get closer to the deadline, they are going to get it together, come up with some sort of deal. if this stopgap measure does actually pass before january 1st,...
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sliding ever closer to what it has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting later today for weeks the republicans and democrats are trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically take effect on january the first activist and journalist says it's not the deadlock that bothers him but rather what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or three trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine was very little discussion. everyone agrees on both sides of the aisle that sums sort of reduction in benefits
sliding ever closer to what it has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting later today for weeks the republicans and democrats are trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically take effect on january the first activist and journalist says it's not the deadlock that bothers him but rather what has already been agreed upon. the real problem in my...
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Dec 30, 2012
12/12
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KPIX
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eye 422
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in addition to the $500 billion in automatic tax hikes, as you just heard from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling
in addition to the $500 billion in automatic tax hikes, as you just heard from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464...
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Dec 28, 2012
12/12
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LINKTV
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economy moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level o
economy moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's...
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Dec 24, 2012
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we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> speaking of president obama, he attended the burial today of long-time hawaii senator, daniel inouye. it was a 19-gun salute when the senator's coffin arrived at the national memorial cemetery of the pacific. senator inouye was the first japanese american elected to both houses of congress. he was also the second longest serving senator in american history. he was 88 years old. >> the other big story we're following tonight, with a third of all americans traveling for the holidays, meteorologists are now worried about what could be the nightmare after christmas. two new storms are moving in. we'll get the forecast i
we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> speaking of...
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Dec 28, 2012
12/12
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congress and the president would come to an agreement this weekend preventing the fiscal cliff. senator bob corker also spoke to reporters. >> good morning. i am lamar alexander. this is my colleague bob corker. merry christmas to you three points to make and then i would like to introduce cementer corker. here is the first point. when the dust settles and everything is said and done, federal individual income taxes are not going to go up on almost all americans next year. that needs to be settled this weekend by the votes and after the first of the year, so that's the most important point for americans to know. for almost all americans when the dust settles taxes, individual income taxes won't be going up next year. all the talk is about taxes but what we should talk about today is the medicare fiscal clef, the looming bankruptcy in the program that seniors depend upon to pay the medical bills for the millions of americans who are counting the days until they are eligible for medicare so they can afford the medicare bill, it would be a tragedy if when they get to that day there
congress and the president would come to an agreement this weekend preventing the fiscal cliff. senator bob corker also spoke to reporters. >> good morning. i am lamar alexander. this is my colleague bob corker. merry christmas to you three points to make and then i would like to introduce cementer corker. here is the first point. when the dust settles and everything is said and done, federal individual income taxes are not going to go up on almost all americans next year. that needs to...
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Dec 30, 2012
12/12
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guest: we ended up a fiscal cliff. that was not tax increase. if there is one thing that is important to republicans, it is taxes. this becomes a much more sensitive issue especially in the current environment. the debt ceiling, that is also important to the republican base. host: we are taking your calls and questions with stan collander and our other guest. the numbers are -- right before christmas, the president told everybody to go home, drank some eggnog, take a breath, and we will come back and talk about this. how much movement did that stepping back give us? did it move anything at all? guest: it did not seem to change anybody's opinion. we have lost a few days. everybody is feeling more pressure to get back and do something. it did not change the basic spirit did not change the politics very much. part of this is that we have not gone over the cliff yet. a lot of the tax increases your mentioning. a lot of the tax -- a lot of the spending increases -- cuts and tax increases have not happened. people need to go to the senator and represe
guest: we ended up a fiscal cliff. that was not tax increase. if there is one thing that is important to republicans, it is taxes. this becomes a much more sensitive issue especially in the current environment. the debt ceiling, that is also important to the republican base. host: we are taking your calls and questions with stan collander and our other guest. the numbers are -- right before christmas, the president told everybody to go home, drank some eggnog, take a breath, and we will come...
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what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senate floor. the top of the next hour, so we should get some insight from him as well. some of the aides have suggested that eerie read should talk less and legislate more. meanwhile, a house republicans suggested -- well, it's not so good. >> the house is actually extend these tax rates for everybody in the entire country, which is exactly the correct policy as we see it. we send it to the senate, the senate refuses to take it up. the senate can fix this today if they wanted to. >> the bottom line is that republicans are expecting that the white house and/or democrats on the hill will make a final offer of some sort at some point. but timing is not clear. not at this time. greg: mike emanuel li
what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senate floor. the top of the next hour, so we should get some insight from him as well. some of the aides have suggested that...
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as the nation was heading for the fiscal cliff, here is the senate republican leader's closing argument. >> each of us could spend the rest of the week discussing what a perfect solutioning would have looked like, but the end result would have been the largest tax increase in american history. the president wanted tax increases, but thanks to this imperfect agreement, 99% of my constituents will not be hit by those hikes. >> reporter: and you expect to hear that argument a lot in the coming hours as people try to sell this over in the house. house republicans voted to extend all the bush tax cuts, but harry reid never took that up. and so this is the only vehicle possible to avoid a massive tax hike for the entire country, rick. rick: well, we'll see what happens over the next several hours, and i have a feeling you and i will be talking again throughout the day. happy new year to you, mike. see you again soon. heather: that final deal was hashed out by senate minority leader mitch mcconnell and vice president joe biden. here's the vice president on capitol hill last night just before t
as the nation was heading for the fiscal cliff, here is the senate republican leader's closing argument. >> each of us could spend the rest of the week discussing what a perfect solutioning would have looked like, but the end result would have been the largest tax increase in american history. the president wanted tax increases, but thanks to this imperfect agreement, 99% of my constituents will not be hit by those hikes. >> reporter: and you expect to hear that argument a lot in...
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could you back that scaled back plan to avoid going over the fiscal cliff? >> as i said all along, republicans don't want taxes to go up on anyone. if we have an impasse on january 1st, they go up on everyone. so at some point, i think that we republicans have got to realize that if we can't save everybody, we need to try to save as many people as possible. that's not advocating a tax increase. if a lifeguard sees ten people drowning off his beach and can only save nine of them, it doesn't mean he's drowned the tenth one. >> you're a strong, fiscal conservative, but part of that problem solvers camp who's not going to let the whole country go off the cliff. but what about your fellow fiscal conservatives? are there going to be enough of you to support a pared down plan that does raise taxes on 2% of americans? >> no, it doesn't raise taxes. those tax increases will go into effect. there's no bill before the congress that raises taxes. there are many bills that are trying to stop those taxes in various forms. and let me be clear. i think the president's plan
could you back that scaled back plan to avoid going over the fiscal cliff? >> as i said all along, republicans don't want taxes to go up on anyone. if we have an impasse on january 1st, they go up on everyone. so at some point, i think that we republicans have got to realize that if we can't save everybody, we need to try to save as many people as possible. that's not advocating a tax increase. if a lifeguard sees ten people drowning off his beach and can only save nine of them, it...
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over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it unavailable to more people is a terrible idea of mr. boehner's. the idea -- i would be terribly upset, along with many of my friends, if obama compromised too much on what needs to happen that is called the fiscal cliff. >> do you think a prominent third-party would help our country? >> i felt strongly about that when i supported john anderson in 1979. he was -- a large part of anderson's campaign was to sue the state ballot procedure into allowing third parties to have more access to the electoral process. i would like to see a third party available, but that, too, seems like
over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it unavailable to more people is a terrible idea of mr....
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Dec 31, 2012
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no votes are scheduled for the fiscal cliff. when the house reconvenes, we will have live coverage. president obama said an agreement is in sight in the senate republican leader came to the floor this afternoon to say an agreement had been reached on taxes but no agreement yet on the spending cuts that are part of the fiscal cliff. you can watch both of those statements on our web site. >> a lot of people that i no looking back on the past 40 years will say that ever since apollo, the space program has been a jobs program. how many jobs can we get in your district or your state? the space shuttle passed by one vote because it was passed all around the country. we had people working in different places. i can tell you some pretty brutal story is about politics that get involved in the space program. bring home the bacon. jobs get votes. in votes key congressmen and senators in office. >> buzz aldrin on the past and future of the space program, and from brown university, the 2012 presidential election. now a conversation on emerging economies like china, india, and brazil. we will hea
no votes are scheduled for the fiscal cliff. when the house reconvenes, we will have live coverage. president obama said an agreement is in sight in the senate republican leader came to the floor this afternoon to say an agreement had been reached on taxes but no agreement yet on the spending cuts that are part of the fiscal cliff. you can watch both of those statements on our web site. >> a lot of people that i no looking back on the past 40 years will say that ever since apollo, the...
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Dec 30, 2012
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[laughter] so let me start with the fiscal cliff idea and say there is no fiscal cliff. let me say second act conservatives and republicans -- about conservatives and republicans who are demoralized, get over it. we had a bad election. we did a number of stupid things. we faced an opponent who worked harder than we did, did some clever things. ronald reagan, one of his most important single statements is february 1975 in washington at the conservative political action committee meetingment now, i was part of this. i ran in '74. i've had no sense of timing. so i picked watergate to run in. [laughter] i'm in georgia. i'm a yankee-born army brat with a strange accent, a weird name running as a republican during watergate. this was beyond not clever. [laughter] this was like, you know, don't give him money, pay for the therapy. [laughter] in december of 1974 republican party id was at 17%, and there was serious talk about is the party going to disappear and be replaced. now, it was nonsenses, but it was serious talk , and i was part of the group doing serious, in-depth analy
[laughter] so let me start with the fiscal cliff idea and say there is no fiscal cliff. let me say second act conservatives and republicans -- about conservatives and republicans who are demoralized, get over it. we had a bad election. we did a number of stupid things. we faced an opponent who worked harder than we did, did some clever things. ronald reagan, one of his most important single statements is february 1975 in washington at the conservative political action committee meetingment now,...
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the president wants to include the debt limit talks in the fiscal cliff talks but republicans do not, just one more issue they don't seem to be able to agree on. rebecca and jeff? >> with us now is is the editor of the magazine. what is the immediate impact on january one for most americans? >> the first two things that are going to hit are the payroll tax increase, that will affect almost every working american and we ran some numbers and calculated that for a family with two working parents make being $82,000 a year that could tack another $1,600 on to your yearly tax bill. that's big. the other immediate impact is the end of emergency unemployment benefits so for the most vulnerable americans that have already gone over all the rest of the benefits there's nothing else in the pot. >> what about the expiration of the bush era tax cuts? >> for the same family i spoke about, if all of those go through that's $2,600 a year extra on your tax bill. >> so much of the debate has focused on the tax issue but spending is a huge portion of this and there are automatic spending cuts also in pl
the president wants to include the debt limit talks in the fiscal cliff talks but republicans do not, just one more issue they don't seem to be able to agree on. rebecca and jeff? >> with us now is is the editor of the magazine. what is the immediate impact on january one for most americans? >> the first two things that are going to hit are the payroll tax increase, that will affect almost every working american and we ran some numbers and calculated that for a family with two...
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so can we expect a deal here or is the nation heading over the fiscal cliff? >> we can still avoid going over the fiscal cliff if the president and the democrat-controlled senate step forward this week and work with republicans to solve this problem and solve it now. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >> gregg: time for a quick check of the headlines. police have a suspect in custody in new york city's deadly subway push. the woman apparently made statements implicating herself in thursday's murder of a 46-year-old man. >>> same sex marriages are now legal in the state of maine. the law went into effect at midnight and authorities immediately began issuing licenses and performing weddings. >>> a french court rejecting a 75% millionaire's income tax scheduled to begin in 2013. the tax would have made the rich contribute a whole lot more to cutting public deficit. >> arthel: here at home as senator leaders work beh
so can we expect a deal here or is the nation heading over the fiscal cliff? >> we can still avoid going over the fiscal cliff if the president and the democrat-controlled senate step forward this week and work with republicans to solve this problem and solve it now. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >> gregg: time for a quick check...
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01/13
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so it is not so much going over the fiscal cliff as it is sort of just taking our foot off the gas for a while. and certainly one of the more memorable ways to ring in the new year for senators and their staffs here on capitol hill, the deal-making continued well into the night. the votes coming around 2:00 this morning. the bill passed 89-8. house speaker john boehner and his leadership team say they need to review the senate bill before they're going to put it up for a vote. now, that could happen late today or perhaps wednesday. in the deal approved by the senate, income tax rates will stay the same for most americans. individuals making $400,000 and coupled making $450,000 will see their taxes rise and the planned $24 billion in spending cuts to defense and defense tick programs have been delayed for two months. senators say it is a less than perfect plan but it's start. >> we don't think taxes should be going up on anyone but we all knew that, if we did nothing, they would be going up on everyone today. we weren't going to let that happen. each of us could spend the rest of the we
so it is not so much going over the fiscal cliff as it is sort of just taking our foot off the gas for a while. and certainly one of the more memorable ways to ring in the new year for senators and their staffs here on capitol hill, the deal-making continued well into the night. the votes coming around 2:00 this morning. the bill passed 89-8. house speaker john boehner and his leadership team say they need to review the senate bill before they're going to put it up for a vote. now, that could...
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Dec 24, 2012
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about what will happen with the fiscal cliff and whether we'll go over it. it is unclear. >> brianna, can we expect any other lawmakers to like jump in and try to -- you mentioned harry reid. what about mitch mcconnell or someone, can we expect anybody else to do something besides the house speaker and the president? >> reporter: well, at this point i think the ball is really out of the court of president obama and house speaker john boehner. obviously something would have to get through the house, but we're definitely focusing on the senate. i will tell you talking to sources that it doesn't even appear that senate majority leader reid and senate minority leader mcconnell are talking. the discussions aren't under way yet. you talk to sources on the hill and you get the sense that reid is waiting for mcconnell to chime in and mcconnell is waiting for reid to chime in. so this is a bit of a standoff right now and we are waiting to see who is going to blink. that's really the question, who is going to blink first and the fact is we just don't know. >> brianna
about what will happen with the fiscal cliff and whether we'll go over it. it is unclear. >> brianna, can we expect any other lawmakers to like jump in and try to -- you mentioned harry reid. what about mitch mcconnell or someone, can we expect anybody else to do something besides the house speaker and the president? >> reporter: well, at this point i think the ball is really out of the court of president obama and house speaker john boehner. obviously something would have to get...
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still no deal on the fiscal cliff. are the democrats and republicans too far apart at this point to reach a deal before midnight? i hope not. >> is the cliff armageddon for the defense department. what these defense cuts would mean for national security. >>> a health scare for hillary clinton. what doctors say happened and an update on her condition. >> i'm ali velshi. >> and i'm christine romans. >> and i'm dr. sanjay gupta. john and zoraida are both off. >>> millions of americans will countdown to a fiscal cliff. a development that could send the nation back to recession. yesterday, the two parties turned to their respective closers, vice president joe biden and senate minority leader mitch mcconnell to get a back door deal done. the republican is not giving up. >> i'm interested in getting a result here. willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> all right according to the president, there has always been and still is one big sticking point. raising
still no deal on the fiscal cliff. are the democrats and republicans too far apart at this point to reach a deal before midnight? i hope not. >> is the cliff armageddon for the defense department. what these defense cuts would mean for national security. >>> a health scare for hillary clinton. what doctors say happened and an update on her condition. >> i'm ali velshi. >> and i'm christine romans. >> and i'm dr. sanjay gupta. john and zoraida are both off....
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from the brink of the fiscal cliff couldn't get much closer to the wire and a few americans will be hit hard by billions of dollars of tax hikes and spending cuts which will automatically come into effect on tuesday but republicans and democrats just can't agree on how to avert it and time is running out on his own washington correspondent. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around what should be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget and need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the
from the brink of the fiscal cliff couldn't get much closer to the wire and a few americans will be hit hard by billions of dollars of tax hikes and spending cuts which will automatically come into effect on tuesday but republicans and democrats just can't agree on how to avert it and time is running out on his own washington correspondent. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's...
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Dec 26, 2012
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about the fiscal cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't think that is any hyperbole, kelly, it is just the truth. kelly: just the truth. bottom line so i let you go, what is your next guess, deal or no deal? >> i think they get some kind of deal. it may pass the january 1st, december 31st deadline to get the house vote but i think you will see something done. kelly: maybe a pared down version but something will get done. kelly, have a happy holiday. >> you too, juan. jamie: the taliban is claiming responsibility for a homicide car bombing in khost. it is at the very same base where seven cia employees were killed three years ago by a jordanian homicide
about the fiscal cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't...
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cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehner's plan b, i feel it's more likely we will go over the cliff than not, and that -- if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history. >> officially, the president is expected to be here -- or is supposedly here in hawaii through the new year, i think the expectation at this point is that with congress returning, president obama is likely to go back to washington to oversee things as they move. or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell?
cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehner's plan b, i feel it's more likely we will go over the cliff than not, and that -- if we allow...
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were suffering along with the country during the fiscal cliff deal in 2011, that same thing is going to happen if we go over the cliff. republicans don't want to sustain anymore damage to their brand. they've been under water in our nbc/wall street journal poll six straight years and pay a price for that. >> john harwood, thank you for your reporting from washington. >>> after the break, there have been dozens of gun-related deaths since the sandy hook massacre and the nra is still doubling down on its plan to add more guns to schools. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. >> that's the wrong debate to have if you want to talk about protecting our children. >> well, this time the nra's remarks could actually be a good thing for more gun regulation. we'll explain why next on "now." [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatic
were suffering along with the country during the fiscal cliff deal in 2011, that same thing is going to happen if we go over the cliff. republicans don't want to sustain anymore damage to their brand. they've been under water in our nbc/wall street journal poll six straight years and pay a price for that. >> john harwood, thank you for your reporting from washington. >>> after the break, there have been dozens of gun-related deaths since the sandy hook massacre and the nra is...
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and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would need democratic and republican support. now, all eyes on the senate because they will reconvene on the 27th, thursday. and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up for those making more than that. but you can imagine, hala, that's going to be very hard for some republicans, maybe even some democrats to sign on to. >> right. and for just about a week ago, it was common to hear a deal will be hammered out. over the last several days we're hearing more and more that potentially this is a reality for americans in eight days' time. your sources in the administration, is there a real concern among some of the people you're speaking with that indeed this fiscal cliff will become a reality? >> i thi
and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would need democratic and republican support. now, all eyes on the senate because they will reconvene on the 27th, thursday. and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of...
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republicans say the president wants the country to go off the fiscal cliff to gain political points are lawmakers playing chicken with your taxes? >>> and a winter storm may be headed your way. who may be getting a white christmas and what it means for your holiday travels. we'll have all of that, coming up. good morning, everybody. welcome to early start. i'm alina cho in new york. >> and i'm dana bash in washington. john and zoraida are off. >> a developing story in afghanistan. an adviser to the afghan police has been shot and killed by a woman wearing an afghan police uniform. the latest in the series of green on blue insider attacks and our pentagon correspondent barbara starr joins us live with details on that. good morning. how unusual is this? >> well, alana, sadly this is a story we've report sod often during the year, haven't we? the details on this attack are different in one respect. as far as we know this is a case where a woman, an afghan woman in a police uniform conducted this shooting and killing. a contractor in cab uhl police headquarters. the nato alliance has alread
republicans say the president wants the country to go off the fiscal cliff to gain political points are lawmakers playing chicken with your taxes? >>> and a winter storm may be headed your way. who may be getting a white christmas and what it means for your holiday travels. we'll have all of that, coming up. good morning, everybody. welcome to early start. i'm alina cho in new york. >> and i'm dana bash in washington. john and zoraida are off. >> a developing story in...
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just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with income below 45000$450,000. all income above that would be tacked at 39 pittsburgh.6%. the deal is said to include a permanent fix for the alternative minimum tax and it extends unemployment insurance for another year for 2 million americans. this was huge for the democrats. speaking at the white house in front of a group of middle class americans just a few hours ago, the president urged congress to act immediately. >> for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we
just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with...